6 Everfi Future Smart: Your Financial Future Study Guide Graded A+

401k or 403b {Ans: A retirement account where you pay from your paycheck before taxes and where your employer matches up to 3%.}Life Insurance {Ans: Insurance that gives money to the people in your family if you die}Savings accounts {Ans: Safe way to store money. Pays interest and is insured by the FDIC or NCUA.}Security deposit {Ans: Money you pay when you rent an apartment to pay for any damage. If there is no damage when you leave, you get your money back.}Stock exchange {Ans: A place to trade stocks}Bond {Ans: A loan to a company or government}